[Federal Register: October 1, 1998 (Volume 63, Number 190)]
[Notices]
[Page 52677-52678]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr01oc98-42]

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DEPARTMENT OF AGRICULTURE

Foreign Agricultural Service


Foreign Currencies Available for the Development of Foreign
Markets

AGENCY: Foreign Agricultural Service.

ACTION: Notice.

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SUMMARY: The Foreign Agricultural Service (``FAS'') invites proposals
from interested parties to use Costa Rican, Dominican Republic,
Guatemalan, Jamaican, and Sri Lankan currencies acquired by the United
States government for market development projects and technical
assistance activities in those countries. These currencies were
acquired pursuant to agreements under title I of the Agricultural Trade
Development and Assistance Act of 1954, (Pub. L. 480).

FOR FURTHER INFORMATION CONTACT:
Evans Browne, Program Development Division, Export Credits, Foreign
Agricultural Service, Room 4506, South Building, Stop 1034, U.S.
Department of Agriculture, 1400 Independence Ave., SW, Washington, DC
20250-1034. Telephone: (202) 720-4228.

SUPPLEMENTARY INFORMATION: Title I, Pub. L. 480 authorizes the United
States to finance the sale and exportation of agricultural commodities
to foreign governments on concessional terms. Between 1986 and 1991,
the United States entered into various title I, Pub. L. 480 agreements
with foreign governments, on terms which required

[[Page 52678]]

repayment to the United States in local currencies. These agreements
were commonly referred to as constituting the ``section 108 program.''
    On July 8, 1998, FAS published a notice in the Federal Register (63
FR 36872) announcing that FAS was inviting proposals to use Tunisian or
Moroccan currencies acquired under the section 108 program for market
development projects and technical assistance activities in those
countries. That notice also set forth the criteria FAS would use in
evaluating and accepting such proposals. The purpose of the present
notice is to invite proposals to use Costa Rican, Dominican Republic,
Guatemalan, Jamaican, and Sri Lankan currencies for market development
projects and technical assistance activities in those countries. The
procedures for submitting proposals and the FAS' evaluation criteria
for any such proposals will be identical to that set forth in the July
8, 1998, Federal Register notice.

    Signed at Washington D.C. on September 21, 1998.
Lon Hatamiya,
Administrator, Foreign Agricultural Service and Vice President,
Commodity Credit Corporation.
[FR Doc. 98-26237 Filed 9-30-98; 8:45 am]
BILLING CODE 3410-10-M